Foundation For The Mid South Inc is located in Jackson, MS. The organization was established in 1991. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Foundation For The Mid South Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Mid South Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation For The Mid South Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For The Mid South Inc has awarded 108 individual grants totaling $2,740,678. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR THE MID SOUTH INVESTS IN PEOPLE AND STRATEGIES THAT BUILD PHILANTHROPY AND PROMOTE RACIAL, SOCIAL AND ECONOMIC EQUITY IN ARKANSAS, LOUISIANA AND MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT RECOGNIZING THE NEED FOR COMMUNITY DEVELOPMENT ACROSS THE REGION, THE FOUNDATION SEEKS TO INVEST IN MUNICIPALITIES, ORGANIZATIONS, AND PEOPLE TO HELP THEM DEVELOP SOLUTIONS TO ALLOW THEIR COMMUNITIES TO GROW AND PROSPER. WE DO THIS BY PURSUING CHANGES IN SYSTEMS AND POLICY, INCLUDING CHANGES IN COORDINATION OF SERVICES, CONTEXTUALIZATION OF LITERACY AND OCCUPATION SKILL DEVELOPMENT, COMBINATION OF ON-THE-JOB TRAINING, DEVELOPMENT OF CAREER PATHS, STRENGTHENING THE WORKPLACE TO BE A LEARNING PLACE, AND IMPROVING POLICIES.CONTINUED ON SCHEDULE O.COMMUNITY DEVELOPMENT, CONTINUED:IN 2021, OUR WORK WITHIN THE AMERICORPS SCOPE CONTINUED TO GAIN MOMENTUM WITH REQUESTS FOR PROPOSALS TO ENCOMPASS ALL THREE DELTA REGIONS WE SERVE. THERE WAS EXTENSIVE TECHNICAL ASSISTANCE OFFERED WITH MULTIPLE AGENCIES IN LOUISIANA INCLUDING THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS) AND THE STATE'S AMERICORPS VISTA PROGRAM DIRECTOR. BUILDING ON LESSONS LEARNED DURING THE INITIAL PROJECT IN ARKANSAS WE HAVE CREATED A PLAN THAT WE BELIEVE WILL CREATE A CROSSOVER REGIONAL PROJECT FOR THE VISTA WORK. ADDITIONALLY, THE OVERARCHING GOAL IS TO HAVE INCREASED THE NUMBER OF AMERICORPS VISTA MEMBERS SERVING IN THE DELTA REGIONS BY 50% WITHIN THREE YEARS. SEVERAL EXISTING GRANTEES CLOSED OUT THEIR PROJECT WORK OVER THE COURSE OF THE 2020 YEAR. WE CONTINUED TO SEE TREMENDOUS RESULTS WITHIN THE WORKFORCE SERVICE AREA BOTH WITH PROGRAMMING AND SUPPORTIVE SERVICES DESPITE THE COVID 19 ISSUES. MORE THAN 700 INDIVIDUALS WERE DIRECTLY IMPACTED WITH WORKFORCE TRAINING, CREDENTIALING, AND/OR SUPPORTIVE SERVICES FUNDING OVER THE COURSE OF THE YEAR. SOME OF THE TRAINING PROGRAMS CONTINUED TO INCLUDE THE ELECTRICAL LINEMAN PROGRAM WHICH PRODUCES GRADUATES AT A 93% COMPLETION RATE AND 87% RETENTION RATE AFTER 12 MONTHS. THESE JOBS OFFER SUBSTANTIAL STARTING SALARIES BUT INCREDIBLY OFFER AN EVEN GREATER OPPORTUNITY TO BE MAKING SIX FIGURES IN AS LITTLE AS 18 MONTHS OF SERVICE AND PROMOTIONS. OTHER PROGRAMS, INCLUDING THE WORK KEYS CERTIFICATIONS, OFFER EMPLOYEES THE OPPORTUNITY TO CONNECT WITH JOBS THAT THEY MIGHT HAVE BEEN PREVIOUSLY OVERLOOKED FOR BY CONNECTING THEM DIRECTLY TO THE JOB'S REQUIREMENTS VIA JOB PROFILING, ANOTHER PROJECT THE FOUNDATION INVESTED IN. OVER THE PAST FEW MONTHS THERE HAVE BEEN TWO AREAS OF MAJOR WORK RELATED TO THE COMMUNITY DEVELOPMENT DEPARTMENT: THE WORKPLACE EQUITY PROJECT AND THE VISTA PROJECT IN THE ARKANSAS DELTA REGION.
EDUCATION - THIS PROGRAM AREA FOCUSES ON ADDRESSING ISSUES THAT ENSURES IMPROVED EDUCATION OUTCOMES LEADING TO PARTICIPATION IN HIGHER EDUCATION AND EMPLOYMENT. THE GOALS ARE TO INCREASE STUDENT LEARNING AND IMPROVE INDICATORS SUCH AS HIGH SCHOOL GRADUATION RATES, COLLEGE-READINESS, AND WORK READINESS ACROSS THE MID SOUTH. SEVERAL APPROACHES ARE UTILIZED TO REACH THIS GOAL: EXPANDING THE SKILLS AND CAPACITY OF STUDENTS AND SUPPORT GROUPS, AS WELL AS ORGANIZATIONS THAT SUPPORT STUDENT LEARNING IN OTHER MEDIUMS BEYOND THE CLASSROOM.CONTINUED ON SCHEDULE O.EDUCATION, CONTINUED:IN 2020, THE FOUNDATION PARTNERED WITH SELECTED SCHOOL DISTRICTS TO IMPROVE STUDENT OUTCOMES ADDRESSING KEY FACTORS THAT MAY AFFECT PERFORMANCE INCLUDING ABSENCES. A MAJOR CONTRIBUTOR TO ABSENCES PARTICULARLY FOR BLACK MALES IS OFTENTIMES SUSPENSIONS. THE AIM IS TO PARTNER WITH SELECTED DISTRICTS TO IMPROVE STUDENT'S PERFORMANCE, LEARN MORE ABOUT CURRENT POLICIES/PRACTICES AND THEIR INFLUENCE ON ABSENCES, SUSPENSIONS, AND PERFORMANCE.THE FOUNDATION WORKED WITH THE CLEVELAND AND GREENWOOD/LEFLORE SCHOOL DISTRICTS. THE TIERED FIDELITY INVENTORY (TFI) TO ASSESS CURRENT PROACTIVE AND CORRECTIVE PROCEDURES FOR MANAGING STUDENT DISCIPLINE FOR ALL SCHOOL DISTRICTS. THE FOUNDATION IS ENGAGING AND ENCOURAGING PARTNERS TO CONTINUE SHARING INFORMATION IN ORDER TO FURTHER STRENGTHEN INDIVIDUAL AND INSTITUTIONAL CAPACITIES. THIS IS ESSENTIAL TO ENSURING GREATER STUDENT SUCCESS. WE REMAIN ACTIVE IN DEVELOPING NEW PARTNERSHIPS AND STRENGTHENING EXISTING RELATIONSHIPS WITH OUR PARTNERS TO SUPPORT EFFORTS AIMED AT ADVANCING STUDENT SUCCESS THROUGHOUT THESE MID-SOUTH COMMUNITIES. BY HAVING MORE IN-DEPTH CONVERSATIONS AND REACH, WE CONTINUE TO EXPECT GREATER ENGAGEMENT AND ACTION FROM COMMUNITY LEADERS, COMMUNITY ORGANIZATIONS, AS WELL AS LOCAL AND STATEWIDE PUBLIC OFFICIALS TO POSITIVELY IMPROVE OUTCOMES. THERE MUST BE ONGOING RECOGNITION AND ACKNOWLEDGEMENT THAT POSITIVE OUTCOMES FOR STUDENTS IN THESE AREAS WILL SIGNIFICANTLY IMPROVE THE DELTA'S GROWTH AND COMPETITIVENESS.
HEALTH AND WELLNESS - THIS PRIORITY AREA FOCUSES ON IMPROVING HEALTH IN THE MID SOUTH AND PROMOTING THE BROADER DEFINITION OF HEALTH NOT AS A SEPARATE ISSUE, BUT AS AN INTERRELATED PART OF IMPROVING OUR REGION. RECOGNIZING THAT HEALTH IS INTEGRAL TO THE PROGRESS OF THE REGION, THE GOAL IS TO IMPROVE INDIVIDUAL AND COMMUNITY HEALTH OUTCOMES.
WEALTH BUILDING, AGENDA IS TO ENABLE FAMILIES TO BUILD FINANCIAL SECURITY. WE BELIEVE THAT BUILDING WEALTH REQUIRES INCREASED ACCESS TO EFFECTIVE FINANCIAL PROGRAMS AND INFORMATION. WHEN FAMILIES ARE GIVEN THE TOOLS AND KNOWLEDGE TO GET THEIR FINANCES ON TRACK, THEY CAN BEGIN TO GROW THEIR SAVINGS, MAXIMIZE THEIR INCOME, AND ACQUIRE ASSETS. THE FOUNDATION'S FINANCIAL FIRST AID TOOLKITS INCLUDES INFORMATION HOW TO GROW AND PROTECT YOUR WEALTH. OVER 1,500 TOOLKITS WERE PROVIDED TO ORGANIZATIONS TO ASSIST WITH FINANCIAL TRAINING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Ivye L Allen President | Officer | 50 | $186,692 |
Theodore Bunting Jr Chairman | OfficerTrustee | 1 | $0 |
Carlos E Moore Vice Chair | OfficerTrustee | 1 | $0 |
Gary Wiltz Secretary | OfficerTrustee | 1 | $0 |
Candace Randle Person Treasurer | OfficerTrustee | 1 | $0 |
Mitzi Woods Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,217,080 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,217,080 |
Total Program Service Revenue | $0 |
Investment income | $276,592 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,493,672 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $438,600 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $221,212 |
Compensation of current officers, directors, key employees. | $44,242 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $186,763 |
Pension plan accruals and contributions | $12,590 |
Other employee benefits | $12,666 |
Payroll taxes | $30,559 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $365,029 |
Advertising and promotion | $5,332 |
Office expenses | $23,100 |
Information technology | $48,083 |
Royalties | $0 |
Occupancy | $19,054 |
Travel | $11,100 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $5,593 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $38,049 |
Insurance | $16,036 |
All other expenses | $22,755 |
Total functional expenses | $1,476,621 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $96,927 |
Savings and temporary cash investments | $1,619,964 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,446 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $16,758 |
Net Land, buildings, and equipment | $375,086 |
Investments—publicly traded securities | $0 |
Investments—other securities | $19,405,318 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $21,522,499 |
Accounts payable and accrued expenses | $69,732 |
Grants payable | $154,250 |
Deferred revenue | $769,619 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $244,152 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,237,753 |
Net assets without donor restrictions | $14,004,797 |
Net assets with donor restrictions | $6,279,949 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $21,522,499 |
Over the last fiscal year, Foundation For The Mid South Inc has awarded $403,000 in support to 20 organizations.
Grant Recipient | Amount |
---|---|
Cleveland, MS PURPOSE: TO ASSIST INDIVIDUALS IN SEVERAL RURAL COMMUNITIES ACROSS THE MISSISSIPPI DELTA WITH OBTAINING WORKFORCE OPPORTUNITIES WITH TRANSPORTATION WHO LIVE IN SUNFLOWER COUNTY AN DACROSS THE DELTA REGION. | $88,000 |
MISSISSIPPI URBAN LEAGUE PURPOSE: TO SUPPORT THE ESTABLISHMENT OF AN IDA PROGRAM FOR INDIVIDUALS PARTICIPATING IN THE SIPPS MOTHERS' FORUM. | $50,000 |
New York, NY PURPOSE: TO PROVIDE SUPPORT AND CIVIC ENGAGEMENT PROGRAMMING TO SIX HBCU PARTNERSHIPS IN MISSISSIPPI AND LOUISIANA | $25,000 |
Jackson, MS PURPOSE: TO SUPPORT FIVE VIRTUAL ZOOM SESSIONS WITH YOUTH TO ADDRESS TRAUMA AND ADDRESS THE PANDEMIC AND RACIAL INJUSTICE THROUGH COMMUNITY SERVICE. | $25,000 |
Greenville, MS PURPOSE: TO SUPPORT SUMMER MEDICAL INSTITUTES WHICH FOCUS ON CAREER DEVELOPMENT IN HEALTHCARE PROFESSIONS. | $20,000 |
Monroe, LA PURPOSE: TO SUPPORT EFFORTS TO TRAIN AND FULLY CREDENTIAL AT LEAST TWENTY (20) ADULTS WHOSE PARTICIPATION IN THE WORKFORCE HAS BEEN NEGATIVELY IMPACTED BY COVID-19. | $20,000 |
Over the last fiscal year, we have identified 3 grants that Foundation For The Mid South Inc has recieved totaling $117,379.
Awarding Organization | Amount |
---|---|
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 76372 DEVELOPING A STRONG CADRE OF INTERGENERATION | $112,374 |
Casey Family Programs Seattle, WA PURPOSE: TO SUPPORT ROSIE ALLEN SCHOLARSHIP FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $16,233,890 |
Earnings | $2,852,393 |
Ending Balance | $19,086,283 |
Organization Name | Assets | Revenue |
---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Southern Bancorp Capital Partners Little Rock, AR | $42,438,691 | $5,768,207 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |